Suburb Profile Report for Bowen QLD (4805)

Bowen House: Median price $360,000, Annual capital growth 8.13%, Number of sales 82, Weekly median advertised rent $300

Bowen Unit: Median price $200,000, Annual capital growth 16.42%, Number of sales 27, Weekly median advertised rent $300

  • House
  • Unit
Source: RP Data
  • Median price
  • Number of sales
  • House Report
  • Unit Report

Bowen has had a pretty average year for property investment returns compared to the rest of QLD, giving investors a capital gain of 4.35% to date .

The five-year average increase in median property values for Bowen,4805 has given property investors a potential capital gain of 1.12% across each of those five years.

Property investors looking for a bargain in Bowen should be aiming for at least -9.15% off the asking price, which is the average vendor discount being achieved at the moment.

At number 3378 in a list of fastest selling suburbs, Bowen is in the bottom 10% of suburbs in Australia with an average of days on market 135.3 for properties listed there.

With the median price for a house in Bowen being $360000 and the advertised rent reaching $300 the gross rental yield for property investors calculates out to be 4.33%

Bowen, 4805 ranked 359th in QLD when comparing growth in median property values or capital gain over the last 12 months. Bowen is one of 2408 in our list for QLD

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Bowen has fallen somewhat when compared to the 5 year average annual rate.

In the last year 27 properties changed hands in Bowen, which puts it as the 242th most active market in QLD when comparing the number of sales per suburb.

A $300 per week rent on the median house gives suburb investors a gross yield of circa 7.80%, without taking into account capital value appreciation, which has been averaging out at 16.42%.

HOUSE UNIT
$360,000 $200,000
0.00% N/A
4.35% -48.72%
2.86% 29.03%
1.12% -35.48%
8.13% 16.42%
$300 $300
82 27
4.33% 7.80%
135.3 N/A
Source: RP Data
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Demographics
Total population 10260
Median household income ($/weekly) 1100
Median age of persons 39
Median housing loan repayment ($/monthly) 1733
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 1295 12.6
    25-34 years 1321 12.9
    35-44 years 1252 12.2
    45-54 years 1521 14.8
    55-64 years 1411 13.8
    Others 3461 33.7
    Age Group
    Census Count Percent(%)
    Registered Married 3235 47.0
    Not Married 2756 40.0
    Defacto Relationship 894 13.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 7838 85.8
    Lebanon 143 1.6
    Papua New Guinea 274 3.0
    United Kingdom 280 3.1
    Other 179 2.0
    Others 421 4.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 93 1.1
    Christianity 6562 74.9
    Hinduism 9 0.1
    Islam 35 0.4
    No Religion 2043 23.3
    Others 18 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 405 12.7
    $600-$799 330 10.4
    $800-$999 300 9.4
    $1,250-$1,499 280 8.8
    $1,500-$1,999 377 11.9
    Others 1485 46.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 3170 42.7
    Not in the labour force 2457 33.1
    Employed, worked part-time 1214 16.4
    Employed, away from work 326 4.4
    Unemployed, looking for work 255 3.4
    Person Characteristics
  • Census Count Percent(%)
    Managers 583 12.4
    Technicians & trades workers 797 16.9
    Clerical & administrative workers 489 10.4
    Machinery operators & drivers 562 11.9
    Labourers 1005 21.3
    Others 1272 27.0
    Occupation
    Census Count Percent(%)
    Pre-school 83 5.0
    Infants/Primary 795 48.3
    Secondary 489 29.7
    Technical or Further Educational Institution 169 10.3
    University or other Tertiary Institutions 68 4.1
    Others 42 2.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 7701 86.7
    Semi-detached, row or terrace house, townhouse 207 2.3
    Flat, unit or apartment 591 6.7
    Caravan, cabin, houseboat 333 3.8
    Improvised home, tent, sleepers out 45 0.5
    Others 3 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1324 38.0
    Fully owned 1209 34.7
    Being purchased 930 26.7
    Other tenure type 19 0.5
    Tenure Type
Census 2011, ABS
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Recent sales & rentals